City are in debt like just about every club in the PL and the Championship. Did i just see Chesterfield are going into administration?n There was no way to get the money back but speculate as it was 30 million when they bought it. How would you experts have turned Citys fortunes around? I'd love to know.
They did turn City's fortune's around, they increased the value of the club to more than the value of the debt. Well done them. So why don't they now cash in and **** off as promised?
Agreed. But that doesnt stop them selling. The seriously ill bit would make it happen quicker shirley?
It's well documented (or it should be, at least) that the Allams didn't actually put £40 million into the club to stop it going into admin, they simply moved the debt to Allamhouse. So our debt is still there, it's just to the Allams as opposed to HMRC. They've spent money on players, but then so they should, they run a football club and it comes with the territory. This creates its own set of problems, which I suspect is one of the reasons (moronistic money grabbing tendencies aside) we've failed to be sold. What I'm surprised at is none of the former parties have commented on why the deals have broken down, if I was Chien Lee I'd be making it known why the deal broke down. He doesn't owe it to us, but there's nothing stopping the media asking the questions.
